Industry leader adds iconic Newport Shipyard to portfolio
DALLAS, Oct. 1, 2019 /PRNewswire/ -- Safe Harbor Marinas, LLC has acquired Newport Shipyard in Newport, RI and increased its portfolio of assets to 85 facilities across 19 states. The addition of Newport Shipyard is part of the company's ongoing strategic expansion and diversification of its holdings. The company owns and operates North America's premier network of marinas.
"We're so pleased to add Newport Shipyard to our portfolio," said Jason Hogg, Senior Vice President of Investments for Safe Harbor Marinas. "This place has an incredible history and importance in the world of sailing and cruising. The Dana family and their team have built a brand that is recognized across the globe. We are excited to continue and build on their grand tradition of excellence."
Located in the heart of Newport, Rhode Island, Newport Shipyard regularly serves boats in excess of 200 feet and occasionally as large as 300 feet. With hauling capabilities up to 500 tons, the property is home to one of America's preeminent superyacht repair and refit facilities. The full-service marina is also home to the popular "Belle's Café" and hosts numerous events throughout the year.
Newport Shipyard's Eli Dana will remain in his current role as General Manager. He and his staff have become the newest members of the Safe Harbor team. "Safe Harbor is the largest owner and operator of marinas in the world, and joining forces will allow us to be part of the best and brightest team in the marine industry," Dana said. Assistant General Manager, Isabella Ridall, added, "We are looking forward to working with a company that is taking the marine industry to the next level."
About Safe Harbor Marinas
Safe Harbor Marinas owns and operates the largest family of marinas in the United States. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community.
For more information, visit www.SHMarinas.com.
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